David Saks: April 2008

David Saks - Real Estate Broker - The Real Estate Mart of Tennessee, Inc. - 4040 North Watkins-Suite #4 - Memphis, Tennessee 38127 - Phone (901) 357-4663

Conflicts of Interest : Oh My Gosh !

                                                   conlicts

I know your sick of hearing about it.

But it doesn't hurt to keep the old armour polished.

We all know that there are many different types of situations that could lead to a conflict of interest and possibly a RESPA violation, the Real Estate Settlement Procedures Act, and we don't want that to happen, by golly.

The most common conflicts of interest I can think of are those that involve accepting gifts from our suppliers or vendors, or having some ownership in one of those 'other companies' involving those suppliers and vendors.

I suppose the bottom line is that we just have to avoid showing any preferences, or receiving any for that matter, which means receiving things that create some kind of personal benefit for either you, your friends or your family.

How do you deal with this beast and what are some of the temptations that are out there lurking behind the hallowed doors of great brokerages throughout our land?

Many thanks to all of my friends for your time and your good thoughts.




David Saks



Time&Temp Memphis

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Comment balloon 12 commentsDavid Saks • April 23 2008 04:40AM
Conflicts of Interest : Oh My Gosh
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